Points West in Colorado agrees to buy State Bank of Downs in Kansas

Points West Community Bank in Windsor, Colo., has agreed to buy State Bank of Downs in Downs, Kan.

The $833.8 million-asset Points West applied with the Federal Deposit Insurance Corp. on April 13 to buy the $140.3 million-asset State Bank. The price wasn’t disclosed.

“We want you to know that the things that matter most aren’t changing. The people you know, the service you trust, and your day-to-day banking will remain the same,” Mark Brase, Points West’s CEO, wrote in a letter to State Bank’s customers and employees.

“What this change does bring is strength — additional resources, long-term stability, and a shared commitment to the communities we serve,” Brase added. “We’ve built our bank around relationships, and we intend to carry that forward in your community with care and consistency.”